On Thursday, gold prices saw a minor drop, impacted by a stronger dollar, while increasing oil prices raised worries about inflation and moderated hopes for upcoming interest rate cuts. Spot gold fell by 0.2%, settling at a price of $5,165.73 per ounce as of 0103. Gold futures in the U.S. for April delivery saw a Read More
Gold experienced an uptick on Wednesday, driven by a decline in oil prices that alleviated concerns regarding inflation. Meanwhile, investors remained poised for a series of U.S. economic data releases this week to assess the trajectory of the Federal Reserve’s policy stance. Spot gold increased by 0.4%, reaching $5,213.99 per ounce, as of 0109. U.S. Read More
Gold prices held steady on Tuesday as investors took a cautious stance, opting to wait for further developments amid rising tensions in the Middle East, particularly after reports indicated that U.S. President Donald Trump views his conflict with Iran as “very complete”. Spot gold fell by 0.1% to $5,131.24 per ounce, as of 0051. Gold Read More
Gold fell by more than 2% on Monday, affected by a stronger dollar that weighed on dollar-denominated bullion. Moreover, increasing energy expenses have intensified worries about inflation, which further reduces the chances of upcoming interest rate reductions. Spot gold saw a decrease of 2.5%, trading at $5,041.89 per ounce, as of 0048. Gold futures in Read More
